They might also want a fully-executed Operating Agreement showing who is allowed to open your bank account and sign checks on behalf of the entity.

Planning and careful execution should reduce your risk of delay.

While there are good operators out there, their will be plenty in this environment of rising rates, expanding cap rates, and not executing their business plans, that will loose all their investors money.

Currently, we have a traveling nurse staying at our property until the end of November.

I can that STR'S are definitely riskier than a LTR.Everyone needs a place to live, everyone doesn't need to go on vacation or travel.

Happy to connect on this as I'm still actively brokering deals (commercial) in Washington all the time and I'm frequently traveling up there to view properties and meet with other brokers.

Success depends on execution.

The improvements boosted its market value, leading to a successful sale at $65,000 on 8/21/2024, showcasing our strategic approach and effective project execution.

In my opinion, you did the best thing possible and that’s executing. 

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